This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Simple Earn is excited to launch FLOKI Locked Products! Complete subscriptions to FLOKI on Simple Earn Locked Products during the Promotion Period to receive boosted APR rewards of up to 35.9%!
Promotion Period: 2023-11-02 10:00 (UTC) to 2023-12-02 9:59 (UTC)
Subscription Format: Complete subscription on a first-come, first-served basis in accordance with the terms below.
Reward Calculation Period: From 00:00 (UTC) on the day after completing subscription to Locked Products, until the end of the subscription period.
Reward Payout Time: On a daily basis.
Offered Products (Locked Products)
Please note:
Binance reserves the right to adjust APRs at any time without prior notice. Please refer to Binance Simple Earn Terms & Conditions prior to using any products on the Binance Simple Earn platform.
The exclusive APR enjoyed by users during the promotion period will be adjusted to the standard APR once the promotion ends.
Binance Simple Earn will redeem the digital assets/digital currencies subscribed to Simple Earn Locked Products to Flexible Products at the end of the agreed subscription period. The value of digital assets/digital currencies fluctuates and is subject to change.
Users can view their Locked Products assets by going to Wallets > Earn > Simple Earn > Locked.
Users can enable the “Auto-Subscribe” function before completing subscriptions to Locked Products, which will automatically renew their existing Locked Products position into a new position of the same duration upon expiry.
Redemption time for Locked Products subscriptions: One day.
Locked Products FAQ.
About early redemption for Locked Products subscriptions: Users can choose to redeem their assets in advance. After choosing early redemption, digital assets will be returned to the spot account, and users will not be entitled to any rewards. Any distributed rewards will be deducted from the refunded principal. It may take 48-72 hours to receive the digital assets.
Binance reserves the right to disqualify any participants that, in its reasonable opinion, are acting fraudulently or not in accordance with any applicable terms and conditions.
Binance reserves the right to cancel or amend the Promotion or Promotion Rules at its sole discretion.
Additional promotion terms and conditions can be accessed here.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-11-02
Note: This announcement was last updated on 2023-11-16 to clarify that Binance reserves the right to adjust APRs at any time without prior notice.
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. APR is an estimate of rewards you will earn in cryptocurrency over the selected timeframe. It does not display the actual or predicted returns/yield in any fiat currency. APR is adjusted daily and the estimated rewards may differ from the actual rewards generated. Not financial advice. For more information, see our Terms of Use and Risk Warning.
